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John Catsimatidis clocks win for landlords in 421a suit; tenants vow to appeal

Posted On: Oct 22, 2021   |   Posted By: The Real Deal New York

Billionaire John Catsimatidis has scored a courthouse win against tenants in one of his Prospect Heights rental buildings. A class action lawsuit that accused Catsimatidis' Red Apple Group of illegally overcharging tenants at 670 Pacific Street was dismissed by a state Supreme Court justice this week. Crain's first reported the decision Friday. The lawsuit, filed in October, was one of several cases alleging that landlords improperly recorded an inflated first rent payment at new development

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